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President Bola Tinubu has dissolved the board of the Nigerian National Petroleum Company (NNPC) Limited, removing Group CEO Mele Kyari and Chairman Pius Akinyelure alongside all other directors appointed in November 2023. A new 11-member board was announced early Wednesday, with Bashir Bayo Ojulari taking over as Group CEO and Ahmadu Musa Kida as the new non-executive chairman. The changes, effective immediately, come as part of Tinubu’s push to “enhance efficiency, attract investment, and drive gas commercialisation”. New Board Composition The reshuffle introduces fresh faces, including: - Adedapo Segun (Chief Financial Officer, retained from previous board) - Bello Rabiu (North…
The Central Bank of Nigeria (CBN) has reported that Nigerians took out a staggering N470 billion in personal loans from banks in just three months (October–December 2024), underscoring the deepening financial strain on households due to skyrocketing inflation and stagnant wages. According to the CBN’s Fourth Quarter 2024 Economic Report, total consumer credit surged by 11.06% to N4.72 trillion, with personal loans alone jumping by 21.27% to N3.82 trillion — making up 80.98% of all consumer credit. Meanwhile, retail loans (typically used for business or property) dropped sharply by 18.18% to N900 billion, signaling that Nigerians are borrowing more for…
Mali, Niger, and Burkina Faso have introduced a 0.5% import duty on goods from Economic Community of West African States (ECOWAS) member nations, further straining relations between the three junta-led nations and the regional bloc they exited earlier this year. The three countries, now part of the Alliance of Sahel States (AES), initially formed a security pact in 2023 but have since expanded their cooperation into economic and military affairs. In a joint statement last week, the AES announced that the levy, which took effect on Friday, is intended to generate revenue for the alliance’s activities. The tax applies to…
The Miyetti Allah Cattle Breeders Association of Nigeria, MACBAN in Benue State has raised the alarm over the alleged poisoning and rustling of members’ cattle by criminal elements in Agatu Local Government Area, LGA, of Benue state. The Chairman of MACBAN in the state, Risku Muhammed who raised the alarm weekend said over 20 cows belonging to Fulani herdsmen were Saturday poisoned at Ucha village in Agatu. He explained that aside the poisoned cattle, “over 200 cows were last Thursday also rustled by the criminals but for the prompt intervention of security operatives who arrested one of the rustlers while…
Muhammad Abubakar Sa’ad, the Sultan of Sokoto and President of the Nigerian Supreme Council for Islamic Affairs (NSCIA), has announced the sighting of the Shawwal crescent, marking the end of Ramadan. In a nationwide broadcast on Saturday, the Sultan confirmed that today Sunday, March 30, 2025, will be celebrated as Eid-el-Fitr, the festival marking the conclusion of the holy month of fasting. “Today, the 29th of Ramadan 1446 AH, the crescent moon has been sighted, signifying the end of fasting. Consequently, Sunday, 30th March 2025, will be the first day of Shawwal and the day of Eid-el-Fitr,” the Sultan declared.…
Myanmar's military rulers let in hundreds of foreign rescue personnel on Saturday after an earthquake killed more than 1,600 people, the deadliest natural disaster to hit the impoverished, war-torn country in years. Friday's 7.7 magnitude quake, among the biggest to jolt the Southeast Asian nation in the last century, crippled airports, bridges and highways amid a civil war that has wrecked the economy and displaced millions. The death toll in Myanmar climbed to 1,644, the military government said on Saturday, according to BBC Burmese news service. In neighbouring Thailand, where the quake rattled buildings and brought down a skyscraper under…
A Nigerian nursing college's attempt to punish a student for viral anti-government chants has backfired, exposing the rising unpopularity of President Bola Tinubu's administration amid worsening economic conditions that are hitting students and poor Nigerians hardest. The Viral Protest That Embarrassed the Government During First Lady Remi Tinubu's visit to Delta College of Nursing Sciences on March 25, students defiantly rejected a ceremonial song proclaiming her as their "mother." A lead singer began: "Na our mama be dis-oo, we no get anoda one" (This is our mother, we have no other). But instead of echoing the praise, the students chanted…
In an exclusive interview with Fox News’ Special Report, Department of Government Efficiency (DOGE) head Elon Musk and his team pulled back the curtain on their mission to slash federal waste—revealing shocking examples of mismanagement, including a nearly $1 billion government survey that could have instead provided free homes for 4,000 homeless veterans. Musk, alongside DOGE members Steve Davis, Joe Gebbia, Aram Moghaddassi, Brad Smith, Anthony Armstrong, Tom Krause, and Tyler Hassen, detailed their aggressive cost-cutting efforts, which have already saved taxpayers $130 billion — roughly $807.45 per taxpayer — since the department’s launch. "The government is not efficient, and…
The Federal Government of Nigeria raised N1.94 trillion from bond investors in the first quarter of 2025, according to an analysis of Debt Management Office (DMO) auction results. This amount was significantly lower than the N2.52 trillion raised in the same period last year, reflecting a more measured borrowing approach. The government initially planned to offer N1.10 trillion in bonds but ultimately allotted N1.94 trillion due to strong investor demand. Total subscriptions reached N2.83 trillion, with more than 70 percent of bids accepted. Monthly Breakdown: - January 2025: Offered N450 billion, with bids totaling N669.94 billion - February 2025: Offered…
The Nigeria Customs Service (NCS) has announced a two-year exemption from import duty and Value Added Tax (VAT) for critical raw materials used in pharmaceutical production, as part of a presidential initiative to boost local healthcare manufacturing. Key Details of the Exemption The tariff relief, authorized by President Bola Tinubu and implemented through the Minister of Finance, Olawale Edun, covers: - Active Pharmaceutical Ingredients - Excipients - Packaging materials - Long-Lasting Insecticidal Nets - Rapid Diagnostic Kits - Reagents Eligibility Criteria The exemption is specifically targeted at: - Manufacturers recognized by the Federal Ministry of Health and Social Welfare -…
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April 02, 2025

Nigeria's net FX reserves increased to $23bn in 2024, highest in 3 years

The Central Bank of Nigeria (CBN) has reported that Nigeria's net foreign exchange reserves (NFER)…
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Natasha outsmarts Kogi govt, Police; ‘drops’ from sky to jubilant crowds

In a spectacular display of defiance, Senator Natasha Akpoti-Uduaghan turned the Kogi State Government and…
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Does wearing a cap make you go bald? Here’s what dermatologists want you to know about hair loss

Hair loss can be an upsetting and worrisome experience. But with a slew of wellness…
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Two 'proof of heaven' stories and one 'proof of hell' that had atheist calling out…

Ole Braatelien What happens to our consciousness the moment we die? Christians believe our souls…
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Ponzi schemes: New law slams 10-year jail term, N40m fine - SEC

Nigeria’s Securities and Exchange Commission (SEC) has finally declared war on Ponzi schemes, with a…
April 02, 2025

What to know after Day 1133 of Russia-Ukraine war

WESTERN PERSPECTIVE Russia says it cannot accept U.S. proposals on Ukraine 'in current form' Russia…
March 28, 2025

Bill Gates: Within 10 years, AI will replace many doctors and teachers—humans won’t be needed…

Tom Huddleston Jr. Over the next decade, advances in artificial intelligence will mean that humans…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

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